Spanish Mountain Gold Stock Market Value
| SPAZF Stock | USD 0.08 0.01 11.11% |
| Symbol | Spanish |
Spanish Mountain 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Spanish Mountain's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Spanish Mountain.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Spanish Mountain on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Spanish Mountain Gold or generate 0.0% return on investment in Spanish Mountain over 720 days. Spanish Mountain is related to or competes with Tudor Gold, West Red, Soma Gold, Grande Portage, International Tower, US Gold, and Fortuna Silver. Spanish Mountain Gold Ltd., an exploration stage resource company, engages in the acquisition, exploration, and developm... More
Spanish Mountain Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Spanish Mountain's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Spanish Mountain Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 28.18 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 10.0 |
Spanish Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spanish Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spanish Mountain's standard deviation. In reality, there are many statistical measures that can use Spanish Mountain historical prices to predict the future Spanish Mountain's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | (0.39) |
Spanish Mountain Gold Backtested Returns
Spanish Mountain Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0881, which indicates the firm had a -0.0881% return per unit of risk over the last 3 months. Spanish Mountain Gold exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spanish Mountain's Coefficient Of Variation of (2,329), risk adjusted performance of (0.02), and Variance of 41.27 to confirm the risk estimate we provide. The entity has a beta of 0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spanish Mountain's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spanish Mountain is expected to be smaller as well. At this point, Spanish Mountain Gold has a negative expected return of -0.56%. Please make sure to validate Spanish Mountain's jensen alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Spanish Mountain Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Spanish Mountain Gold has good predictability. Overlapping area represents the amount of predictability between Spanish Mountain time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Spanish Mountain Gold price movement. The serial correlation of 0.78 indicates that around 78.0% of current Spanish Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spanish Mountain Gold lagged returns against current returns
Autocorrelation, which is Spanish Mountain pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Spanish Mountain's pink sheet expected returns. We can calculate the autocorrelation of Spanish Mountain returns to help us make a trade decision. For example, suppose you find that Spanish Mountain has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Spanish Mountain regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Spanish Mountain pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spanish Mountain pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spanish Mountain pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Spanish Mountain Lagged Returns
When evaluating Spanish Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spanish Mountain pink sheet have on its future price. Spanish Mountain autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Spanish Mountain autocorrelation shows the relationship between Spanish Mountain pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Spanish Mountain Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Spanish Pink Sheet
Spanish Mountain financial ratios help investors to determine whether Spanish Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spanish with respect to the benefits of owning Spanish Mountain security.